Auto withdrawal from paypal account to bank account

India
September 23, 2011 12:20pm CST
I have verified paypal account and last week I got $3.5 payment. Today I got the mail from paypal that they have transferred that money to my bank account without any charges. That's great because prior to this I had to pay $1 for less than $150 withdrawal . This is great news for Indian users , anybody else experienced this ?
1 person likes this
6 responses
@varier (5699)
• Indonesia
23 Sep 11
I think it is only can be experienced by Indian users . I can't get any auto withdrawal and need to pay Rp16.000 (about $2) if I am going to transfer my balance to bank account . Anyway, once I ever heard that as a drawback, Indian members can't make any payment via Paypal. Is the regulation still there? Or do you already can make payment via paypal?
• India
24 Sep 11
Yeh I can't pay from my balance in paypal account. I don't know if it works with credit card a I don't have any.
@varier (5699)
• Indonesia
24 Sep 11
By the way, I am a bit curious, usually a bank have a regulation about the minimum amount to be transferred. As for my local bank here, the minimum transfer is Rp10.000 (equal with about 0.9$). How about your country? Let's say you only have a balance of $0.05 on Paypal, then would it being transferred to your bank?
• Singapore
27 Sep 11
Is it only for Indian users? For us, we need to have at least $200 before we can effect a transfer without any charges. Do you know if any other countries have this auto withdrawal function?
@mialei23 (2386)
• Philippines
26 Sep 11
Congratulations! Paypal is a genuine one.. I made a lots of withdrawals from paypal and I am grateful to have a verified account, its good because they are only charging a small amount. I am just upset when the rate of dollars were changing from time to time, because it affects the rate of our local currency where you were living. But overall I don't have any problems with paypal. Keep it up my friend and good luck!
@mariahhh (1328)
• United Arab Emirates
26 Sep 11
Wow. That is really good news. And they didn't deduct a charging fee. But I think it's only for Indians. I hope they will also do that internationally. That would be great.:)
@syoti20 (5295)
• Philippines
25 Sep 11
I think this kind of withdrawal procedure is applicable to Indian user only. Here in Philippines we can withdraw our Paypal Account to Bank Account from $10.00 above.
• Philippines
23 Sep 11
I think you were kinda late to notice about this . I don't hold any Indian Paypal account but my hubby does and his 80 cents (imagine) just got transferred automatically and his bank re-confirms him the same about the transaction. Anyway, what else is there to observe in RBI and your banks law, hmmm let's see.